PPP Loan information for Brake and equipment co., inc.

$312,300

Brake and equipment co., inc. was initially approved for PPP Loan of amount $312,300, the current approved amount is $312,300. The loan was approved on 04/08/2020 by The Summit CU reported 20 jobs and $312,300 was used to fund payroll.

Brake and equipment co., inc. is Existing or more than 2 years old

PPP Loan Search / WI / RICHFIELD / Brake and equipment co., inc.

BRAKE AND EQUIPMENT CO., INC.

Date Approved

04/08/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

BRAKE AND EQUIPMENT CO., INC.

Borrower Address

4935 MANTZ HUNTERS VW

Borrower City

RICHFIELD

Borrower State

WI

Borrower Zip

53076-9408

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

312300.00

Current Approval Amount

312300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

108074

Servicing Lender Name

Summit CU

Servicing Lender Address

1709 Landmark Dr

Servicing Lender City

COTTAGE GROVE

Servicing Lender State

WI

Servicing Lender Zip

53527-8957

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RICHFIELD

Project County Name

WASHINGTON

Project State

WI

Project Zip

53076-9408

CD

WI-05

Jobs Reported

20

NAICS Code

336999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

36000.00

Payroll Proceed

153900.00

Mortgage Interest Proceed

0.00

Rent Proceed

122400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

108074

Originating Lender

Summit CU

Originating Lender City

COTTAGE GROVE

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

314199.47

Forgiveness Date

11/27/2020

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